Additional_Questions_and_Answers.doc
DOC document 36 KB Posted
- Attached to
- LES Health/Life Insurance Service
- Solicitation number
- SCH50012R2003
- Issued by
-
Department of State US Embassy Beijing
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Other files
| File | Type | Posted |
|---|---|---|
| Amendent_A003.pdf | ||
| Amendment_A002.doc | DOC document | |
| Questions_ _Answers.doc | DOC document | |
| Amendment_A001_for_Health_Life_Insurance_Service.pdf | ||
| 2012 FSN Health Insurance Solicitation.doc | DOC document |
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Additional Questions and Answers
FSN Health and Life Insurance Service
Solicitation Number SCH50012R2003 The information contained within these questions and answers is provided for informational purposes and under no circumstances shall it be construed to change any terms or conditions or requirements within the solicitation. In addition, for any answer provided regarding the number of personnel or claims data incurred under the existing contract, please be advised that this data may not be indicative of future claims and could change.
Therefore, it is each offeror’s decision on whether to use or not to use this information. However, under no circumstances shall the U.S. Government be liable for this data or shall it become the basis for a request to adjust the premium rates once the contract is awarded. Rather, offerors are advised any adjustments to contract premium rates shall be in accordance with the Price Adjustment clauses B.4 and B.8 of the contract.
1. Please provide the amount of premiums and the amount of claims that developed the ratios you have provided of 119.91% in 2010 and 99.03% in 2011.
A: Please see the following premium paid out and claims paid out chart which reaches the provided ratios in answer to question 7.
| Year |
| Total Claims Paid Out |
| Total Premium Paid Out |
| Reimbursement Ratio |
| 2010 |
| RMB 4,276,944.38 |
| RMB 3,566,723.53 |
| 119.91% |
| 2011 |
| RMB 4,367,310.31 |
| RMB 4,410,259.16 |
| 99.03% |
Formula: reimbursement ratio = total claims paid out/total premium paid out
2. Please provide the rate ($ amount) the current carrier charges bi-weekly for Health Insurance Services for 1,122 Single Employees and for the 1,197 employee with family coverage. Also for Group Life Insurance please provide the rate ($ amount) the current carrier charges on a bi-weekly basis for Basic Life, Accidental Death and Dismemberment and Partial and Total Disability coverage. These rates are multiplied by the Estimated Payroll (biweekly, in thousands) of 3,363.67 to arrive at the total premiums.
A: Please see the current premium rate bi-weekly for health insurance and life insurance. Please note that Dismemberment and Partial and Total Disability coverage was deleted in amendment A002.
| Type of Insurance |
| Bi-weekly Premium for One Employee (RMB) |
| Bi-weekly Premium for One Family Member (RMB) |
| Health Insurance |
| 86.34 |
| 67.38 |
| Life Insurance |
| 9.41 |
| N/A |
The current life insurance premium rate in Chinese Renminbi (RMB) per one thousand of salary is as follows:
| Type of Insurance |
| Premium (per 1,000) of salary |
| Estimated Payroll (biweekly, in thousands) |
| Bi-Weekly Rates per Employee in Chinese Renminbi: |
| Basic Life |
| 1.3943 |
| 3363.67 |
| 4.69 |
| Accidental Death |
| 1.3943 |
| 3363.67 |
| 4.69 |
File details come from the government source that posted it. Updated .